Is Sohu.com Inc (SOHU) a Good Stock to Buy?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that dumped their entire stakes in the stock during the third quarter. It’s worth mentioning that Jacob Gottlieb’s Visium Asset Management dumped the biggest position of the 700 funds watched by Insider Monkey, totaling close to $3.4 million in stock, and Matthew Hulsizer’s PEAK6 Capital Management was right behind this move, as the fund dumped about $2 million worth of shares.

Let’s check out hedge fund activity in other stocks similar to Sohu.com Inc (NASDAQ:SOHU). These stocks are Plantronics, Inc. (NYSE:PLT), Banner Corporation (NASDAQ:BANR), Nexstar Broadcasting Group, Inc. (NASDAQ:NXST), and Euronav NV Ordinary Shares (NYSE:EURN). This group of stocks’ market values resemble SOHU’s market value.

As you can see these stocks had an average of 22 hedge funds with bullish positions and the average amount invested in these stocks was $301 million. That figure was $498 million in SOHU’s case. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) is the most popular stock in this table. On the other hand Plantronics, Inc. (NYSE:PLT) is the least popular one with only 12 bullish hedge fund positions. Sohu.com Inc (NASDAQ:SOHU) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard NXST might be a better candidate to consider taking a long position in.

Disclosure: None